Fuller & Thaler Asset Management Inc. Has $51.05 Million Position in Brookline Bancorp, Inc. $BRKL

Key Points

• Fuller & Thaler Asset Management Inc. increased its holdings in Brookline Bancorp by 1.4% in Q1, acquiring an additional 62,998 shares, bringing its total ownership to approximately 5.21% valued at $51.05 million.
• The bank recently announced a quarterly dividend of $0.135 per share, with a dividend yield of 5.1%, payable on August 22nd to shareholders of record as of August 8th.
• Brookline Bancorp reported $0.25 EPS for the last quarter, meeting analysts' expectations, while the company's revenue was slightly below estimates at $94.66 million.

Fuller & Thaler Asset Management Inc. lifted its stake in shares of Brookline Bancorp, Inc. (NASDAQ:BRKL - Free Report) by 1.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,683,640 shares of the bank's stock after buying an additional 62,998 shares during the period. Fuller & Thaler Asset Management Inc. owned about 5.21% of Brookline Bancorp worth $51,052,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. LPL Financial LLC increased its holdings in Brookline Bancorp by 3.2% in the 4th quarter. LPL Financial LLC now owns 43,073 shares of the bank's stock worth $508,000 after purchasing an additional 1,323 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of Brookline Bancorp by 7.1% during the fourth quarter. Wells Fargo & Company MN now owns 57,705 shares of the bank's stock worth $681,000 after purchasing an additional 3,839 shares during the last quarter. Bank of Montreal Can bought a new stake in shares of Brookline Bancorp during the fourth quarter worth about $138,000. Invesco Ltd. increased its stake in shares of Brookline Bancorp by 118.8% in the fourth quarter. Invesco Ltd. now owns 1,041,930 shares of the bank's stock valued at $12,295,000 after buying an additional 565,719 shares during the period. Finally, Raymond James Financial Inc. bought a new position in Brookline Bancorp in the 4th quarter valued at approximately $744,000. Institutional investors and hedge funds own 78.91% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Brookline Bancorp to a "hold" rating in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, Brookline Bancorp presently has a consensus rating of "Buy" and a consensus target price of $15.25.

Brookline Bancorp Trading Up 5.1%

Shares of Brookline Bancorp stock traded up $0.54 during midday trading on Friday, reaching $11.16. The company had a trading volume of 1,837,486 shares, compared to its average volume of 472,247. The stock has a fifty day moving average price of $10.67 and a 200 day moving average price of $10.78. Brookline Bancorp, Inc. has a fifty-two week low of $9.28 and a fifty-two week high of $13.15. The firm has a market cap of $994.47 million, a PE ratio of 12.54 and a beta of 0.91. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.10 and a quick ratio of 1.10.

Brookline Bancorp (NASDAQ:BRKL - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The bank reported $0.25 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.25. Brookline Bancorp had a net margin of 12.12% and a return on equity of 6.69%. The firm had revenue of $94.66 million during the quarter, compared to analyst estimates of $94.90 million. On average, equities analysts anticipate that Brookline Bancorp, Inc. will post 1.35 earnings per share for the current year.

Brookline Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Friday, August 8th were given a dividend of $0.135 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $0.54 dividend on an annualized basis and a yield of 4.8%. Brookline Bancorp's dividend payout ratio is 60.67%.

Insiders Place Their Bets

In other news, insider Janytra M. Brooks sold 3,763 shares of Brookline Bancorp stock in a transaction dated Saturday, August 2nd. The stock was sold at an average price of $10.28, for a total value of $38,683.64. Following the completion of the transaction, the insider directly owned 44,322 shares of the company's stock, valued at approximately $455,630.16. This trade represents a 7.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.89% of the company's stock.

Brookline Bancorp Profile

Brookline Bancorp, Inc operates as a bank holding company for the Brookline Bank that provide commercial, business, and retail banking services to corporate, municipal, and retail customers in the United States. Its deposit products include demand checking, NOW, money market, and savings accounts. The company's loan portfolio primarily comprises first mortgage loans secured by commercial, multi-family, and residential real estate properties; loans to business entities comprising commercial lines of credit; loans to condominium associations; loans and leases used to finance equipment for small businesses; financing for construction and development projects; and home equity and other consumer loans.